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HousingShortage

To alleviate the housing shortage, we have to wait for a cabinet to take back control

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It was already known that there was a major housing shortage before the Corona crisis started. But there is finally hope to fix these soon. Currently there is a shortage of 331,000 homes and 845,000 homes will have to be built in the next 10 years to get out of the housing crisis.

The government promised to build 75,000 homes annually, but nothing came of it. So we are in a nitrogen crisis, minimal number of building permits, growing number of households and a corona crisis on top.

With the word housing shortage, there was an image in which poor families lived in one room and all slept on the floor with them. An image where newly married couples move in with their in-laws in the attic. An image in which several families lived in one house and the clotheslines hung through the streets as Christmas decorations.

The housing shortage in 2020 will look different. Families where both parents have a well-earned job and can afford something. These families have been on the waiting list for a social rental home for years or they earn just too much for a social rental home and are just unable to afford a free-sector home or owner-occupied home.

The price of an average owner-occupied home is crazy these days. In May, an owner-occupied home was on average 333,000 euros, 7% higher than the previous one. Even the corona crisis has not been able to lower house prices so far. Renting a home can cost 1,400 euros per month.

Many young people are willing to spend half of their income on housing, a ridiculous amount. Then they still find nothing. So people in their twenties and thirties linger in tiny, expensive student rooms, or move from anti-squat to temporary housing. In the long run this is disruptive to society. Housing, a fundamental right, cannot be left to the market. House prices have risen twice as fast as average income since 1970. Where does that end?
Due to this housing shortage, many people in their twenties and thirties stay in very small studios for which they usually pay too much rent, or they move into an anti-squat house. Since 1970, house prices have risen twice as fast as the middle income. Housing is a fundamental right and we should not leave it to the market.

Article 22.2 of the constitution solemnly says: “Promotion of sufficient housing is the concern of the government.” The government has clearly failed to do so. Many young people and young families are stuck and do not know whether they will ever be able to buy anything in the current housing market. Large companies buy up suitable properties and the municipalities buy up land everywhere and then do very little with it.

Since 2010 there is no longer a Minister for Housing and things have gone so wrong ever since. The current minister for housing, Ollongren and Van Nieuwenhuizen, realize that things are going completely in the wrong direction and promise to tackle the problems smartly, but they do not have a solution.

A cabinet that takes control of housing would offer a future with a better housing market.

Source:De Volkskrant

Housing market tighter than ever this century, new-build housing costs more than four hundred thousand

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It is known that there is an extreme shortage on the housing market and this is evident in how quickly a house is sold and how high the demand is for a house. The sales price for new and existing homes increased by 9% compared to last year.

Figures from real estate association NVM show that in the second quarter of 2020 only 7,200 new-build homes and plots were sold, an increase of 8% compared to last year. The sales price of a new owner-occupied home rose to € 401,000.

In contrast to new-build homes, the number of existing homes sold fell by 4% in the second quarter. 52% of the existing homes were sold above the asking price. An average of € 335,000 was paid, which is 9% more than a year ago.

According to data from NVM estate agents, a potential buyer could choose from 2.7 homes. “There is a very tight market. In 2020, the housing market will be tighter than ever before this century. ” According to NVM brokers.

According to them, “substantially” more houses should be built. “This requires strong direction from central government in particular,” says NVM chairman Onno Hoes. “Having your own minister to live in the next cabinet is very important.”

Source: Cobouw

Population forecast: 2 million new homes may be needed by 2050

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The Netherlands is experiencing an unprecedented housing shortage at the moment, and the population continues to grow as a result of aging, migration and individualisation. As a result, households in the Netherlands are likely to grow to 2 million by 2050. (Source: Statistics Netherlands and Nidi)

An extensive report by Statistics Netherlands and Nidi described 7 scenarios, of which only one has a small population decline of 300,000. This can only occur when migration to the Netherlands stops completely, the birth rate falls and life expectancy deteriorates.

In the worst-case scenario, the population will grow to 21.8 million by 2050.
90% of this is due to migration to the Netherlands and an aging population, which means that the number of households is growing strongly.

Nearly 10 million households

It is assumed that the Netherlands will have some 9.1 million households by 2050, which is 1.1 million more than the Netherlands currently has. It is clear that the population will grow in the coming period, according to the report. Two factors play a major role here: migration and aging.

We have experienced a large migration flow in recent years. This will probably increase even further in the coming years and will place extra pressure on the number of households. Migrant workers often form a one-person household. Life expectancy in the Netherlands is also high, causing an aging population. Many elderly people in the Netherlands are living alone, vital elderly people. In the event of population growth, the number of over-70s will grow by a modest 1.4 million by 2050. In this case, today’s housing shortage of 1 million additional homes will not be enough to provide housing for the elderly. Not to mention the migration increase.

So the big question is how the government will solve this. A major housing shortage on top of the current housing shortage will be one of the greatest challenges the Netherlands has ever faced.

Read the extensive analysis here (Vastgoedmarkt.nl)

Source: Vastgoed Markt

“The Netherlands will grow a MILLION people up to 2030,” says Hugo de Jonge

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For years we have seen the Randstad grow and we see that there is already plenty of construction going on everywhere, to solve the housing crisis. New neighborhoods are being built in the big cities, but it doesn’t stop there. The Netherlands is growing very fast and is a very attractive country for many people.

According to CDA minister Hugo de Jonge, the Netherlands will add up to 2030 million people.
This means that every year a city like Amersfoort has 130,000 inhabitants.

The Randstad will have to sacrifice more places, and even that is too little to be able to meet the current housing crisis and the upcoming population growth. “De Jonge wants more houses and less distance between Randstad and non-Randstad.” Cites the Leeuwarder Courant.
So many places outside the Randstad will also have to be sacrificed to solve this problem.

PVV party chairman in Urk Hendrik Wakker says that we will ‘grow tremendously’ in the coming years and that we will therefore add 1 million inhabitants.
Not all of them fit in the Randstad and therefore ’the region’ needs to be adapted.

So in the coming years a lot will be invested in land that is perfect for construction projects and we will hear a lot about it in the coming period, also predicts Robert Jensen.

Greater housing shortage than expected

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The annual survey by real estate advisor Capital Value and ABF Research showed that the housing shortage in the Amsterdam Metropolitan Area has risen to 50,000. That is considerably higher than expected. 

This trend will continue due to the decline of many building permits in 2019 in combination with strong population growth. As a result, the researchers expect the national deficit to persist or not to rise.

The report described that the affordability of housing in Amsterdam is ‘under enormous pressure’ as a result. The municipality is fully engaged in finding solutions to this. For example, a letter of intent was signed in February with real estate parties and investors to realize 10,000 rental homes in Amsterdam for middle-income households. This should ensure that the housing must be affordable for teachers and care providers, among others.

It has also been agreed to annually build 15,000 homes within the metropolis, 5,000 of which are in the social rental segment. The average waiting list time for a social rental home in Amsterdam is currently about 9 years and these measures should shorten the waiting list.

The number of elderly people in the Netherlands is increasing and this group is the victim of the housing shortage because too few homes have been built in recent years. In the next ten years, some 35,400 households in this age category will be added. The number of young households (up to the age of 29) is also increasing and this will be a shortage of 9800 homes throughout the Netherlands in the next five years. A large part comes from Amsterdam, while it is almost impossible to find a suitable home at the moment.

The researchers believe it is important to be able to solve the problem not only with the municipality, but also with investors, because they would have around 26 billion euros available to invest and thus realize around 100,000 homes. In addition, foreign pension funds would also be interested in investing. With this they want to realize social rental homes and homes in the middle segment.

‘It is therefore possible to reduce the large shortages, together with the housing associations, enormously. With one condition: That there is more supply of building plans and locations’, according to Capital Value and ABF Research.

Bron: AT5